The final week of October promises to be tense for investors. Three major projects are preparing to release new volumes of tokens totaling over $653 million. In the spotlight are Grass (GRASS), Jupiter (JUP), and Zora (ZORA). Such events often trigger volatility spikes and exert short-term pressure on the market.
Grass (GRASS) — $80 million unlock
- Date: October 28
- Volume: 181 million GRASS (18% of total supply)
- Valuation: about $80.2 million
- Circulating supply: 313.3 million GRASS out of 1 billion
Grass is a blockchain platform that allows users to monetize unused internet bandwidth. The network rewards participants with tokens, creating a decentralized infrastructure for data collection and analysis with privacy protection.
On October 28, the first major unlock will take place after the TGE (Token Generation Event) held in October 2024. Of the total, 126 million GRASS will go to early investors, and 55 million — to the team and ecosystem participants.
A high share of tokens entering the market (18% of total supply) may cause short-term price pressure, especially if some investors decide to take profits.
Jupiter (JUP) — monthly unlock for team and partners
- Date: October 28
- Volume: 53.47 million JUP (0.76% of total supply)
- Valuation: about $23.6 million
- Circulating supply: 3.16 billion JUP out of 7 billion
Jupiter is a liquidity aggregator on the Solana (SOL) blockchain. The platform helps users find the best token swap routes across DEXs with minimal slippage.
The unlock will take place according to the planned schedule and will amount to 1.72% of the current circulation. Of the total, 38.9 million JUP will go to team members, and 14.6 million — to Mercurial project participants, Jupiter partners.
Although the unlock is not very large, it may increase short-term volatility in the Solana ecosystem, especially if trading activity in the market declines.
Zora (ZORA) — supporting the creator economy
- Date: October 30
- Volume: 166.67 million ZORA (1.67% of total supply)
- Valuation: about $16.3 million
- Circulating supply: 4.47 billion ZORA out of 10 billion
Zora is a decentralized protocol and social network that allows digital content creators to monetize their work. The platform allows tokenization of posts, images, and other forms of creativity.
On October 30, Zora will release 166.67 million tokens, equivalent to 4.55% of new assets. Of these, 72.5 million will go to investors, 52.5 million — to the team, and 41.67 million will be sent to the project’s treasury.
The unlock is aimed at long-term ecosystem support, but in the short term may lead to price fluctuations if some tokens hit the market.
Other projects of the week
In addition to these three, investors are also watching upcoming unlocks at Kamino Finance (KMNO), Optimism (OP), Immutable (IMX), and Sign (SIGN). Together, they will increase token supply by hundreds of millions of dollars.
What this means for the market
The final week of October will test the crypto market’s resilience ahead of the new month. The surge in unlock activity coincides with expectations of a dovish Fed policy and a possible ‘pre-winter rally.’
Nevertheless, large volumes of tokens entering the market can trigger short-term corrections. Traders and funds will closely monitor investor reactions, especially in projects with low liquidity.
If selling pressure is limited, November may start with moderate growth. However, any increase in supply amid low trading volumes could trigger temporary price dips.
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